Ingevity (NGVT) SVP logs PSU share grant and tax withholding moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ingevity Corp senior vice president Phillip John Platt reported equity compensation activity involving company common stock. On February 26, 2026, he acquired 247 shares at no cost through a grant tied to performance-based restricted stock units that were settled in shares. On the same date, 108 shares at $70.52 per share were withheld by the company to cover tax obligations related to these vested performance share units. Following these transactions, his directly held common stock balance reported in the filing was 28,911 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
PLATT PHILLIP JOHN
Role
SVP, Finance & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 247 | $0.00 | -- |
| Tax Withholding | Common Stock | 108 | $70.52 | $8K |
Holdings After Transaction:
Common Stock — 29,019 shares (Direct)
Footnotes (1)
- The Talent and Compensation Committee of the Company's board of directors certified the attainment of performance goals for certain performance-based restricted stock awards ("PSUs") effective February 26, 2026. The PSUs were settled with shares of common stock. Includes (i) 386 shares of Common Stock purchased pursuant to the Amended and Restated 2017 Ingevity Corporation Employee Stock Purchase Plan, as amended ("ESPP") for the purchase period of July 1, 2025 to September 30, 2025 (the "September ESPP Shares"), and (ii) 143 shares of Common Stock purchased pursuant to the ESPP for the purchase period of October 1, 2025 to December 31, 2025 (the "December ESPP Shares"). In accordance with the terms of the ESPP, the September ESPP Shares were purchased at a price equal to 85% of the closing price of Issuer's Common Stock on July 1, 2025 and the December ESPP Shares were purchased at a price equal to 85% of the closing price of the Issuer's Common Stock on October 1, 2025. Shares withheld by the Company to satisfy tax withholding obligations related to the PSUs that vested on February 26, 2026.
FAQ
What insider transactions did NGVT executive Phillip John Platt report?
Phillip John Platt reported a grant of 247 Ingevity common shares and a related tax-withholding disposition of 108 shares. Both transactions occurred on February 26, 2026, and stem from performance-based restricted stock units that were settled in company stock.
What does the tax-withholding transaction in NGVT’s Form 4 represent?
The 108-share disposition represents shares withheld by Ingevity to satisfy tax obligations on vested performance share units. Instead of paying taxes in cash, a portion of the newly delivered shares was retained by the company at $70.52 per share to cover those liabilities.
What do the ESPP footnotes in the NGVT Form 4 explain?
The footnotes explain that the executive previously bought 386 and 143 NGVT shares under the employee stock purchase plan in 2025 periods. Those shares were purchased at 85% of the stock’s closing price at the start of each respective purchase period, reflecting plan terms.